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Asia has four of world\'s top ten destinations for luxury brands: survey
Date: 2011/4/18 Click: 1490
Hong Kong, Singapore, Tokyo and Beijing are among the top ten destination cities worldwide for luxury retailers, a latest survey by real estate consultancy CB Richard Ellis has found.

The survey also shows Asia continues to be a key target for luxury brands, with many retailers opening in multiple locations and developing flagship stores, local television Channel NewsAsia reported Tuesday.

Hong Kong attracted 84 percent of the participated luxury brands to remain the most popular destination worldwide.

Singapore and Tokyo ranked the seventh and eighth respectively, both attracting 69 percent of the global luxury and business fashion brands surveyed.

Beijing was found to be the tenth, attracting 67 percent of the luxury brands surveyed.
According to the survey, Hong Kong was also the most attractive city to international retailers, with 41 percent of the retailers surveyed having outlets in Hong Kong. Asian cities featured strongly among the top 20 cities for international retailers also included Singapore, Beijing, Shanghai and Tokyo.

Asia is also a key destination for American and European retailers. Singapore, Beijing, Shanghai and Hong Kong attracted over a third of European retailers.

This survey, now in its fourth year, covered 323 of the world's top retailers across more than 200 cities representing various sectors such as luxury and fashion brands, supermarkets, coffee and restaurants.
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